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Search Results 0 to 29 of about 30 (some duplicates have been removed)
for us. >> i was noticing that since 1990, we have raised the debt ceiling 18 times. back in 1990 come the first time we raised it, the debt ceiling was $3.12 trillion. the debt ceiling is raised, the spending gets raised. and it never comes back down. >> that's right, it goes up and it never comes back down. in the past, sometimes we have insisted on cuts along the way. now we're finding ourselves in a position where we have $16.5 trillion of debt and cuts are not going to cut it anymore. it has to be more than cuts. it needs to be permanent structural spending reform. that's what we need. >> what john boehner headset is dollar for dollar. spending cuts with debt ceiling heights. what should they cut? give me a list. you might we talk about it from the standpoint of cuts, don't think cuts are going to do the job. we have to permanently reform the way washington spends money. >> okay, somebody want to to do that. >> we do that is through an approach that we referred to in the last debt limit debate is cat cut cabin balance for the short of it is to say that we can raise the debt limit
in the politics of that. he has fights around the debt ceiling coming up and to make this the issue, how do you think that will work? >> that's why i wonder how serious he is. i'm not questioning his motives. now he knows for the next two months all we're going to be talking about is the debt ceiling, sequestration, the continuing resolution, ending the fiscal cliff, all of these. >> you're not questioning his motives of what he's suggesting. he'd rather have a conversation about guns than the debt ceiling? >> i think the president is trying to get political support from his base, maybe he feels it strengthens him going into negotiations with the republicans or the fiscal issues. listen these guys won't even ban assault weapons, how can you trust them on taxes and spending. i see it as building up his political position which is not wrong but i don't think in his heart of hearts he thinks he's going to pass any significant legislation. >> congressman king in the studio after my asking all the time. >> i couldn't stay away from you, soledad. >> she's not really a tough interviewer is she? >> she
simpson. can you trust governments to get the numbers right? the fight over the debt ceiling is in full force. as democratdemocrats propose a o eliminate it completely and the ratings have come out with two scenarios in which it was downgraded the u.s. credit rating. not good news. some republicans are relishing the debt ceiling does indeed have to be raised. joining us now, ihs chief economist and we appreciate you being here. is this fight we are about to have necessary, and what is going to happen to whether it is the global market, 401(k), what will happen to all of us if congress passes this fight? >> this is not a necessary fight. this situation created by congress which sent the debt ceilinfrom years ago in hopes it would impose some discipline but of course it hasn't because it has been raised and raised and raised and now it is a source of a contentious debate that is still raised, and so it is unnecessary. what we need to do in the u.s. is for the two sides to get together to come up with a comprehensive debt and deficit reduction plan. the debt ceiling and all around it doesn
spending like nobody's business. you mess around with the debt ceiling i'm going tell you, buddy, the whole world, fiscally, economically and politically is going to come crashing down on your head. >> nobody wants to mess with the debt ceiling. what we want to do is to have a reasonable plan to raise the debt ceiling while getting on a path to balance. the only way to get spending cuts is to fight for spending cuts. the only way to have a debate is to debate. for the republican party to build in a bunch of assumptions about what the president will or won't do six weeks from now when we haven't even had a debate is putting the cart before the horse. let's say we'll raise the debt limit so when you go to college our fiscal house is in order. >> i want that debate. tony, you look at the "wall street journal" today a couple of important news articles. these are news articles. gop split on debt ceiling approach. that's one. some in gop, don't pay all the bills now. all right. debt default and prioritization. okay. prioritization in particular, tony, there's 80 million payments per month. can yo
and consequences of them coming up. there is the debt ceiling to have to deal with, there is government spending that expires in march and those automatic spending cuts, sequestration is supposed to hit the federal budget. and right now it appears a strategy that republicans are beginning to coalesce around, perhaps a short-term debt ceiling increase, pass that through the house with spending cuts, deal with the other elements of government spending and then set up a protracted argument or debate over the debt ceiling going forward. as republicans say, when it comes to their strategy, cutting spending is imperative. melissa: there's no celebration the fact we're a nation of $16 trillion in debt and you have someone in the white house that says to do the one thing that makes absolutely no sense whatsoever, and that is raise the debt ceiling with no change in the future? that is actually an absurd argument i don't think any householder in a state run well operates like that. >> house budget committee chairman spoke to reporters a short while ago saying this to work in the strategies on all this tr
, are you also going to be faced almost immediately with the whole crisis over the debt ceiling. not house has been holding really firm. what do you think about coming into this partisan divide coming up here in congress? >> well, i mean, i hope to be part of a freshman class and a group of folks in congress who can take care of the finances and systems without creating more self-inflicted wounds. we know that last time we went through this it hurt the stock market nationally. it hurt our bond ratings. we have to create something that doesn't create this self-inflicted wound every couple of years. >> half of the time, the great castro brothers from texas. thank you very much. we look forward to seeing you when you are here in washington. welcome to congress. >> thank you. thank you. >> and up next, second term challenges. how can president obama work with republicans? mary madeline joining us, and still ahead, the heisman hopeful, and the made-up girl friend. was he a victim or an accomplice? what are you doing? nothing. are you stealing our daughter's school supplies and taking them to wo
months and come back to see what things we can do to make america a better country. debt ceiling is forcing these people to compromise. bill: thank you, art. >> thank you, bill. bill: it will be bloody in washington, d.c. thank you, art out of nashville. >> thank you very much, bill. martha: it was an emergency landing. batteries melting down in midair. now the aircraft billed as the future of commercial aviation is really grounded at this point the nightmare for the boeing 787 dreamliner. bill: reclaiming a theater from the memry of a massacre. how some victims of the colorado shooting are healing today you but not forgetting about the man accused of killing 12. >> saw a lot of reports how he is crazy. don't make that mistake. he is not crazy. he is evil. martha: grounded. the faa ordering an immediate halt to all flights of the boeing 787 dreamliner after an emergency landing and unexplained overheating batteries is the issue in this plane. dan springer is live in seattle. what is the immediate impact of all this, dan? >> reporter: martha, officially it is a crisis for boeing.
of wells fargors. find out how concerned he may be and we'll get his take on how the debt ceiling fight could threaten the economy. a lot more coming up with john stumpf. stay with us. tdd# 1-800-345-2550 you should've seen me today. tdd# 1-800-345-2550 when the spx crossed above its 50-day moving average, tdd# 1-800-345-2550 i saw the trend. tdd# 1-800-345-2550 it looked really strong. tdd# 1-800-345-2550 and i jumped right on it. tdd# 1-800-345-2550 tdd# 1-800-345-2550 since i've switched to charles schwab... tdd# 1-800-345-2550 ...i've been finding opportunities like this tdd# 1-800-345-2550 a lot more easily. tdd# 1-800-345-2550 like today, tdd# 1-800-345-2550 i was using their streetsmart edge trading platform tdd# 1-800-345-2550 and i saw a double bottom form. tdd# 1-800-345-2550 i called one of their trading specialists tdd# 1-800-345-2550 and i bounced a few ideas off of him. tdd# 1-800-345-2550 they're always there for me. tdd# 1-800-345-2550 and i've got tools that let me customize my charts tdd# 1-800-345-2550 and search for patterns as they happen. tdd# 1-800-345-2550 plus w
are huddling in southern virginia. to come up with a strategy over the drama over the debt ceiling. continuing resolution and sequester cuts. one of them admits it's a tough situation for them. >> there is no celebration in the fact we are a nation of $16 trillion in debt. you have somebody in the white house that says to do the one thing that makes no sense whatsoever. that is raise the debt creeling with no change in the future. that is absurd argument. >> let's get more on the republican messaging from senior political analyst. brit hume. good evening. >> hi, bret. >> the house republicans are not wrong to seek spending cut to allow borrowing by a treasury more than $16 trillion in debt. but in politics it's not enough to be right. you need to be effective. it requires recognition that politics is a team sport and being united is critical. this is true if the party controls one house of congress and the other party not only has the other one but the white house as well. consider what happened in the recent fiscal cliff end game. taxes were set to go up by law on january 1. some house republ
. tdd#: 1-800-345-2550 >> $64 trillion and counting. the nation's debt ceiling. to cut to red, my next guest advocates more green when it comes to health care. the called the health reduction. she said there would be a method. explain. >> well, actually, the public option would decrease the deficit by about $104 billion over ten years. >> how too you know that? >> that's the congressional budget office estimate. of what it would do. this is not numbers i made up. because it would inn fact lower the -- provide an option -- this would be completely by choice -- for people who don't want to pick this public option, among the private sector choices within a health exchange, and rates for premiums are estimated to be about 5 to 7% lower, meaning those people in the exchange that needed a subsidy would take fewer tax dollars and it is also estimated that it would serve as an anchor, because there's competition, to bring down the cost of health care, even in the private sector as well. >> when is the government -- when is the government ever done that? with george bush's plan, you were critic
it not comprehend it's not merely the nation's credit rating that's at risk from the debt ceiling debacle, but the full faith and credit of the republic itself? how long can we shrug off this grand canyon plunge that's coming? as we did again with another benign day, dow tipped 24 points, and nasdaq advanced .22%. this is behavior. is the market actually smarter than you and i think? i'm starting to believe the latter and tonight i'm going to tell you why. first, i don't necessarily want to invest in a country if it doesn't pay its bills. deadbeat country, but i don't mind if it can pay its bills but for a moment refuses to. constitution says it must honor its debts no matter what. i believe passionately that we will pay debts in a timely fashion. congress is supposed to hold the purse strings, but the american people are less stupid than washington thinks they are. they lived through another one of these scares. that time, we were frightened, frightened about what a ratings agency downgrade would mean to the country. do you remember where you were that weekend when we got the downgrade?
debt ceiling which will come into play so we will be seeing a lot of activity the next few months about the appropriate size of the government and about the size of the deficit and a lot of back-and-forth over these issues. without going into all of the different ramifications i want to say a word about the debt ceiling which is not everybody understands what it's about. the debt ceiling which congress has to do periodically as gives the government money to pay its existing bills. it doesn't create new spending so it's like a family trying to improve its credit rating not the most effective way to improve the credit rating and was the slow solution to the debt ceiling in august of 2011 that of the u.s. downgraded last time brough so it's very important that congress take the necessary action to raise the debt ceiling to avoid a situation where our government doesn't pay its bills. estimate the number of people have expressed concern about how much of the challenges actually were addressed in the deal. as you mentioned is certainly went part way that leaves a number of issues still on th
to continuing resolution, sequester, debt ceiling, oh, my, you have some thoughts. maybe you could run this through how you see this playing out and maybe if we're a fly on the wall at this retreat in williamsburg what might we hear from the republicans. >> thanks. what we're picking up is the republicans are probably going to back away from challenging the actual debt ceiling in that it's just not good for them. i mean they are very concerned about the debt to gdp and the budget deficit, which are running at roughly 101% and 8 to 10%. we kind of look like spain looks right now. if anything we might be worse. but what i think happens is the republicans have two shots. march 1st is the sequester where they can challenge or what we think will happen they will wait until the march 27th continuing resolution and they are going to press the president for spending reductions which is absolutely necessary if we want to maintain at least two of our three aaa credit ratings. >> andy, i just find it amazing we now have a culture where it doesn't matter what you said a couple of years ago, even w
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closer to maxing out on a credit card. some lawmakers have a plan to fix that whole debt ceiling problem for good. plus folks in the deep south dealing with unusuallynter weat. first alert forecasters say get ready for round two. that's coming up as we reach the bottom of the hour and the top of the news. two minutes away. careful, pringles are bursting with flavor. ♪ pringles... bursting with flavor. >> bill: california man got more than he bargained for when he bought an old camera at cluttered antique store. the french stereo scope pick camera from 1901 cost him only $100. it turned out it contained historic photos from the first world war. they show war torn france including the remains of an airplane and men in uniform posing what appears to be a bomb. >> it was incredible to me that developed images were in the camera but now that i think about it, the serendipity of it and the fact that i saw that camera as i first walked in. >> he says he is going to make prints of the images and eventually sell them. i'm bill hemmer in tonight for shepard smith. this is the fox report. some de
coin and make the debt ceiling disappear? we have the real skinny after this.
coin and make the debt ceiling disappear? neil: i am told if you want to look said on camera wear dark clothes and keep the camera at a distance. it works every time. some bakers could take this to the extreme wearing only black. wait. moving the camera to another studio. i exaggerate that some will do an
and debt ceiling. it is clear there is legislative gridlock in this town. what happens in the months to come with this kind of gridlock -- we already see the battle lines being drawn about what is to happen when these entitlements did on the table with in march. what happens to the poor as you see it in the coming months? >> let me first say, thank you so much for allow me to be part of this conversation. i am happy that you have been carrying on this kind of conversation over the last few years. let me try and see if i can put something in context for you -- i think that is something we never really talk about. a lot of this fiscal cliff stuff is really smoke and mirrors -- when you sit back and realize the largest portion of the debt of this country is really three things -- one is two wars we never paid for, what is a medicare part that we never paid for, and the other part is the bush tax cuts. those of the largest portions of the debt of this nation. what they're trying to do now by cutting what you call entitlements and i call and benefits -- [applause] is to protect the cuts t
. you've got the sequester, you've got the debt ceiling, and you have the continuing resolution. the sequester and debt ceiling sort of fall on top of each other towards the end of february. we used to say in the republican leadership group in the senate which i had the good fortune to serve in for about 12 years as sort of an ad hoc member, you never take a hostage you can't shoot. [laughter] the problem with the house was they took a hostage they couldn't shoot when they took the fiscal cliff. and if republican members of the congress take the debt ceiling as a hostage, it's a hostage they can't shoot. as a very practical matter, if we go over the debt ceiling, we don't exceed -- we don't increase the debt ceiling, republicans aren't going to win the debate. they'll argue that they're not increasing it because they don't want to control spending, but they're not going to win the debate, because what will happen is that the white house will pay with the cash flow of the country the debt, the interest on the debt. the debt won't default. what they might not pay and will certainl
giving the president a debt ceiling increase until the end of his term if he's willing to agree in big changes in entitlement programs. they've got to come up with something. >> megyn: they have to come up with a game plan. we saw with the fiscal cliff negotiations the end of the year they were divided and boehner couldn't sort of corral his house republicans to be on the same page and so now he's trying to do that and to get reelected speaker, he says i'm going to listen to you, i'll be your choice. now, the question, chris, whether you think these house republicans can speak as one and can find, you know, their one mission. you know, who you are and what you stand for. what my parents used to say to me. i say to my kids, who are you and what do you stand for and they're trying to figure it out. >> boehner is not going to try to corral anybody, from the cowboy rounding them up to the announcer at a horse race, he's saying what's happening as they're running along. >> megyn: and by a length. >> exactly, exactly. that he is he going to say, okay, what do you want to do. tell me what you
to that solution, that idea, you could -- you would find that we could work out the debt ceiling. we could put all this drama and theater aside. but anyone who thinks we don't ever need to balance our budget, i think has disqualified themselves from a discussion here. >> we will certainly continue that discussion even though we didn't talk about it that much this morning, moving forward. i think you and i certainly on that issue probably agree much on just about everything. thank you so much, jim demint. we greatly appreciate you being here. >> thanks, joe. >> i've got to say, tom, it is fascinating to me, disturbing, but fascinating how it's hard to find a senator that says, you know what? i love my job. i feel like i'm really accomplishing something. i get such depressing reports from inside the senate. and i know you do, too. >> i do. almost every senator i talk to just is enormously frustrated. a lot of them like demint are leaving. olympia snowe left because she felt she couldn't get anything done. she'll be replaced by angus king, an independent from maine. when she was leaving i thought to
hour of "squawk box," market from mohamed el-erian, to talk about the debt ceiling, the recent market rally and earnings. . "squawk box" is back after a quick break. >> from the debt ceiling to gun control, there's nothing arianna huffington won't talk about. the co-founder of the huffington post joins us right after the break. right here on "squawk box." [ male announcer ] you are a business pro. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ male announcer ] just like you, business pro. just like you. go national. go like a pro. [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve
the government running. they only have about 4-6 weeks left before the nation hits the national debt ceiling. republicans are calling for budge cuts in return for raising the debt ceiling, but president obama came out swinging during his news conference on monday claiming he's already gone a long way toward closing the budget gap. joining us now to fact check some of his statements, stephen hayes, a senior writer for the weekly standard and a fox news contributor, douglas holtz-eakin is now president of the american action forum. just as a general rule, steven, when you heard the president speaking in that news conference, was he generally being honest with the american people about the state of our finances? >> well, i would say there were some things he said that were true, some things that he said that were, i think, misleading. importantly, he didn't put into proper context the discussion that we're having nationally about the debt ceiling and about the state of our finances more broadly. if you look at where we are, more than $16 trillion in debt, the president is right when he says tha
think he will too. to take you back not to the fiscal cliff but the debt ceiling issues that the republicans do seem to be going soft on. i do think one of the reasons why they went soft was because traditionally republican lobbying groups were coming out. i wonder if there are traditionally republican groups like law enforcement organizations, the police associations who might tend to be conservative, if they came out strong and spoke if the faith community came out strong and spoke, they may shake a little bit. let's talk about senator cruise thinks is going to happen as a result of the gun debate. >> i think the consequence i think he's going to pay a serious political price. and i think the price that's going to be paid on this is going to manifest in senate races in 2014. >> jennifer: so your take on that. he's flipping that argument on its head. he thinks it will benefits republicans rather than cause them to lose seats. >> no, i don't see that. but the democrats and the obama organizations, they really have to get out the vote for 2014 it has to be impressed on de
Search Results 0 to 29 of about 30 (some duplicates have been removed)

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